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Evening Standard
Evening Standard
Business
Simon English

BT ups cost cut plans as profits tumble

BT chief executive Philip Jansen (BT/PA)

(Picture: PA Media)

BT today upped its cost savings target by £500 million to £3 billion, raising the prospect of more job cuts and increasing the chances of another fight with unions.

The telecom giant has already seen the CWU, which represents 40,000 out of 100,000 staff, lead workers on strikes over pay.

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